Let’s face it, in this day and age, people can use all the education possible on how to manage credit cards responsibly. Credit cards are a huge liability that can wreak havoc on your finances. Continue reading for some great advice on how to properly use credit card tips.

Never charge items on credit card for purchases that is not in your budget. While credit can help you afford things you can pay off over a few months, it is not a good idea to purchase something you will have trouble paying down the line.

It is wise to have a couple of open credit cards available for your use. This is especially helpful when building a good credit score, especially if you are able to pay the cards in full every month. However, if you open more than three, a lender may think that looks bad when pulling up your personal credit bureau report.

Do not close credit card accounts before you are aware of the impact it may have.

Check the fine print. If you see ‘pre-approved’ or someone offers a card ‘on the spot’, get all of the details beforehand. It’s very important to know what your interest rates and will be in the future. You must also learn about grace periods and any fees that may be applied.

Many card offers include substantial bonuses when you open a new account.

Be sure to read the fine print on a credit card as carefully as possible prior to using it.The print might be tiny, but it is important to read it carefully.

Always read every letter you get regarding your credit card company immediately. You have the right to cancel your account if you disagree with any changes.

Do not lend other people your credit card for any circumstance. Even if the friend is a very good one and they are really in need of the card, do not loan them your card. It may lead to large fees if your friend should put more on the card than you authorized.

Before using a credit card to buy something online, check to verify that the seller is legitimate. Call the toll-free or other phone numbers on the website to see if they work, and never buy from a store that has no street address listed.

You receive yet another piece of unsolicited “junk mail” urging you to apply for a shiny new credit card. There may be times when you want to get one, but more frequently it is unwelcome. Always shred any credit card mail that comes through the mail.

Most professionals say that the maximum limit on your credit card should not exceed 75% of your monthly salary. If you have credit limits that are more than you make every month, work on reducing your balance immediately. This is mainly because of the amount of interest builds up it becomes too hard to pay can quickly get out of control.

As previously stated, consumers are often alone in the financial jungle and that includes being subject to incredibly high interest rates from credit card companies! You can find the best ways for using credit cards above and with any luck, you can apply this to your financial situation.